We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
IHG has brought back their best offer on purchasing points ( $0.0056 )until March 7th. This matches the best ever deal price wise and amount wise – you can fill your account with 270k IHG One Rewards if you max out.
I always want to make it clear that you shouldn’t buy points speculatively. Points programs devalue all the time and you only want to seize opportunities like this when you have a booking with award availability and can use the points to lower your check out cost. If that applies… this is a great time to buy price wise.
- The best ever deal is buy 250k get 250k maxing out at 500k points ( $0.005 per points)
Buy IHG points is currently offering a 100% Bonus
- Must buy 5k+
- Max is 150k
- Bonus is 120k
- Price is $0.0056
- Until 03/07/24
Should I buy IHG points?
I think buying points is an excellent way to either shore up your balance, or buy a trip at a cheaper price than you’d pay to stay at a hotel with cash. HOWEVER – don’t do this speculatively. Always have an immediate, or at least near term, use for the points. I wouldn’t advise buying them for some trip down the road that you aren’t looking to book soon.
For instance, if you stay at the Kimpton Sylvan – and it’s $250 a night, but you’ll often see point rates between 26k and 40k. That means I could have purchased points and stayed for between $130 and $200. Even less with and IHG One Rewards Premier.
Is this the best price?
No,…$0.0056 isn’t a bad price, but the best has been 100% or $0.005 per point.
Remember, you can always buy points using the Cash + Points trick for 6/10 of one penny.
If you don’t have enough points in your account for a booking, or you don’t wish to use all of your points at that property, IHG will allow you to book that hotel with Cash + Points – the price is usually around $0.006 per point – roughly 20% higher than this deal.
IHG points are dynamic – important
One of the reasons I want to stress that you have a redemption in mind to take advantage of in the immediate future is because IHG award rates fluctuate day to day based on demand and rack rate pricing. For instance, I reported on that Intercontinental Rome was pricing at 40k over Valentines Day 2022 … that didn’t happen, the opening has been pushed to 2023 and rates are well over 80k. Don’t buy on speculation.
What’s the max I can purchase
Usually IHG has a 100k max on the amount of points you can purchase in a year, but has raised it as high as 250k in the past ( pre bonus ). Currently this deal maxes out at 150k with 80% bonus = 270,000 points for $1,500, or 0.0056 per point.
Is this the best deal we’ve ever seen?
Can I have some examples of how to make use of this promo
Sure…the examples I’ll show are merely to illustrate the strategy, and the rates could fluctuate, but the strategy of seeking outsized return remains the same.
Kimpton Seafire Grand Cayman – an example one of the best Kimpton redemptions around
Let’s look at the Kimpton Seafire in the Cayman Islands on a 1 and 4 day trip – this example is from 2022 with a 100% bonus, but it is purely to illustrate the mathematics.
Whenever you compare rates make sure the cancellation policies are the same. In this case, both the flexible rate and the point rate have the same 4 day cancellation policy. Notice all the taxes added on to the booking brining the total up top $844 – this includes a $80 resort fee + 11% service charge. When you book with points, you need to pay the $80 resort fee but not the 11% service charge. You could buy the same 70k points for around $350, and with the $80 service fee, your cost would be $430 vs $844.
If you had an IHG Rewards Premier card, IHG Rewards Traveler, or IHG Rewards Premier Business you’d get a 4th night free on award bookings. This makes the price reduction even more noticeable. A $3850 stay would drop could be booked for 210k points, or $1050 with this sale. That is amazing, but remember you’d still owe $80 a night in resort fees, so your check out price would be $1430 vs $3850 for 4 night stay. That’s $360 a night vs $960 a night.
Buying points to use a free night certificate
The free night certificate earned from certain IHG credit cards is eligible for top up. What does this mean? In the past, the free night certificates were only valid at properties that priced a night at 40k or below. Now, you can add points to that free night certificate which makes it much more valuable.
If you don’t have the points in your account, it could be valuable to buy what you need to top up your free night to the needed amount of points for the redemption. This could really useful if you’re adding a 5th night for a 4 night reservation.
If you had 210k points along with the IHG Premier, and wanted to stay at the Kimpton Seafire you’d have enough for 4 nights. But, what if you wanted to stay 5 and you had your free night certificate sitting in your account? Well, you could purchase 30k IHG points and top it up, and with this deal you’d be paying just $150 for those points.
Unlocking the IHG Premier
The IHG Rewards Premier comes with an annual anniversary award night as I mentioned earlier which you’ll be able to top-up. You can use this to stay at properties up to 40k in value. Having a stand alone night can often mean you have to pay for a night to accompany it since many of us won’t just do somewhere for a single night, but soon you’ll be able to pair it with any booking and top up the difference from 40k. Buying points can help offset cost and make better use of your night since you’re more apt to plan a longer stay if you can offset cost.
Starting in late March it will include all of the following benefits:
- Automatic Platinum Status
- 4th night free when using points
- $50 United Travel Bank credit
- Global Entry/TSA Pre Fee credit every 4 years
- Free 40k night every year
- this being on your first anniversary heading into your second year of cardmembership
- Spend your way to Diamond with $40k in annual purchases
- Get a 10k bonus points and $100 statement credit when you spend $20k + one additional purchase in a year
- Earning will be as such:
- 10x at IHG Hotels & Resorts worldwide ( this is on top of the bonus you get as a IHG Rewards member )
- gas stations
- social media and search engine advertising
- office supply stores
- 3x everywhere else
This is a very solid offer if you have reason to buy points and redeem. Crunch the numbers, do your own research, and make the right decision. If you decide to move forward we appreciate you using our links!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
60k Points after $4k spend in 3 months
Transferrable Chase Ultimate Rewards
- 3x on dining
- including eligible delivery services for takeout
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
- 2x on all other travel
- $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred® continues to redeem at 1.25c in the Chase Travel Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
- Points are transferrable to 13 Ultimate Rewards partners
- Redeem in the Chase Travel center for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Primary rental car coverage is my favorite
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Cards that earn flexible points and should be used on the bulk of your purchases.
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.